InterContinental Hotels Group (NYSE:IHG) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of InterContinental Hotels Group (NYSE:IHG – Get Rating) from a hold rating to a buy rating in a research report report published on Thursday.

Several other brokerages have also issued reports on IHG. Peel Hunt lowered shares of InterContinental Hotels Group from a buy rating to a hold rating in a research note on Monday, January 30th. Stifel Nicolaus downgraded shares of InterContinental Hotels Group from a buy rating to a hold rating in a report on Friday, February 10th. Barclays downgraded shares of InterContinental Hotels Group from an overweight rating to an equal weight rating in a report on Monday, March 6th. BNP Paribas downgraded shares of InterContinental Hotels Group from an outperform rating to a neutral rating in a report on Wednesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of InterContinental Hotels Group from a buy rating to a hold rating in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, InterContinental Hotels Group has a consensus rating of Hold and a consensus price target of $5,466.67.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $66.54 on Thursday. InterContinental Hotels Group has a 12-month low of $47.06 and a 12-month high of $72.10. The company’s fifty day simple moving average is $67.77 and its 200 day simple moving average is $65.21.

InterContinental Hotels Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, May 16th. Investors of record on Friday, March 31st were given a dividend of $0.945 per share. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.44. This represents a dividend yield of 1.9%. The ex-dividend date was Thursday, March 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of InterContinental Hotels Group by 3.0% during the third quarter. Signaturefd LLC now owns 6,703 shares of the company’s stock valued at $326,000 after purchasing an additional 198 shares in the last quarter. Advisor Partners II LLC lifted its position in shares of InterContinental Hotels Group by 4.9% during the first quarter. Advisor Partners II LLC now owns 4,514 shares of the company’s stock valued at $300,000 after purchasing an additional 210 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of InterContinental Hotels Group by 22.0% during the first quarter. Captrust Financial Advisors now owns 1,211 shares of the company’s stock valued at $83,000 after purchasing an additional 218 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of InterContinental Hotels Group by 46.2% during the third quarter. Rockefeller Capital Management L.P. now owns 899 shares of the company’s stock valued at $43,000 after purchasing an additional 284 shares in the last quarter. Finally, State Street Corp lifted its position in shares of InterContinental Hotels Group by 7.1% during the first quarter. State Street Corp now owns 4,320 shares of the company’s stock valued at $292,000 after purchasing an additional 287 shares in the last quarter. 4.67% of the stock is owned by institutional investors.

About InterContinental Hotels Group

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InterContinental Hotels Group Plc owns and operates hotels. The firm’s hotel brands include: InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club, Kimpton and HUALUXE Hotels and Resorts. It operates through the following segments: Europe, Middle East, Asia and Africa, Americas, Greater China and Central.